Tag: NNPC

NNPC Under Fire as Warri Refinery Shuts Down Despite $897.6m Repairs

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Industry operators and energy experts have raised serious concerns over the operational integrity of the Nigerian National Petroleum Company Limited (NNPCL), questioning its transparency, efficiency, and management of Nigeria’s state-owned refineries. The criticism follows a fresh revelation that the Warri Refining and Petrochemical Company (WRPC) has been shut down since January 25, 2025, barely a month after former NNPCL Group CEO, Mele Kyari, declared it operational. The shutdown was attributed to critical safety faults in the refinery’s Crude Distillation Unit Main Heater, according to an April 2025 report from the…

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NNPC Ltd Addresses Fuel Supply Shortage in Lagos and FCT

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The Nigerian National Petroleum Company Limited (NNPC Ltd.) has addressed concerns regarding the recent fuel supply and distribution challenges experienced in parts of Lagos and the Federal Capital Territory (FCT). According to a statement from Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., the issues are due to a temporary disruption in the discharge operations of several vessels. NNPC Ltd. assures the public that it is actively working with all relevant stakeholders to resolve the situation promptly. Efforts are being made around the clock to restore normal fuel supply…

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NNPC and Marketers Refute Speculations of Fuel Price Surge to N1,200 per Litre

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The Nigerian National Petroleum Company (NNPC) Limited and fuel marketers have categorically denied circulating rumors suggesting an imminent increase in petrol prices to N1,200 per litre in Nigeria, dismissing such claims as baseless speculation. Reports on Wednesday had suggested a disagreement between fuel marketers, particularly under the Independent Petroleum Marketers Association of Nigeria (IPMAN), and the NNPC regarding fuel subsidy issues. However, both entities have vehemently refuted these allegations. In a statement obtained by Vanguard, NNPC spokesman Olufemi Soneye clarified the situation, emphasizing that there was no clash between NNPC…

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Speaker of the House of Representatives, Tajudeen Abbas, Advocates Privatization of Nigeria’s Refineries

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In a meeting with the management of the Nigerian National Petroleum Corporation Limited (NNPCL), led by the Group Managing Director, Mr. Mele Kyari, in Abuja on Thursday, Speaker Abbas recommended the privatization of the country’s oil refineries for optimal functionality. He expressed concern over the state of the refineries, describing it as shameful and highlighted the significant expenditure on salaries and allowances with little output. Abbas emphasized the need for multi-dimensional uses of the refineries, suggesting that privatization could lead to increased efficiency. He urged the NNPCL to consider privatization…

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